41% of employees whose jobs require specialized training plan to ask for a raise in the next 12 months. Seasoned employees are usually more sought-after, and they’re quick to see if their new workplace is going to satisfy their professional needs for career growth. It’s one of the reasons why businesses are starting to take into consideration employee loyalty statistics. If engagement and appraisal don’t really match up with an employee’s early expectations, they will soon check out. 31% of employees quit a job within the first six months.Ī new employee needs to be guided and properly acknowledged for their work and talent. There are several factors that lead to low retention, but let’s start with basic stats as an introduction. 20% of turnover happens in the first 45 days of work at a new company.Įmployee Retention Stats - What You Need To Know.87% of HR experts consider employee retention among the highest priorities. Good retention can maximize company profits up to four times.By 2030, low retention will cost $430 billion.
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